Perps
DeFi perpetuals are decentralized derivatives that enable traders to speculate on cryptocurrency prices with leverage without expiration dates. Unlike traditional futures, perpetuals use funding mechanisms to maintain price convergence with spot markets. These protocols operate on smart contracts, eliminating the need for centralized intermediaries and providing permissionless access to leveraged trading across multiple blockchain networks.
Aster
Aster is a next-generation decentralized perpetual exchange offering multi-chain, liquid, and secure trading. Trade perpetuals across multiple chains with deep liquidity aggregation, hidden orders, and zero price impact trades.
GMX
GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades and let you trade top cryptocurrencies with up to 30x leverage directly from your wallet.
Hyperliquid
Hyperliquid is a decentralized perpetual exchange with best-in-class speed, liquidity, and price. Trade crypto in one click, without wallet approvals.
Aevo
Aevo is a decentralized derivatives exchange, focused on options. The exchange runs on a custom EVM roll-up that rolls up to Ethereum. Aevo operates an off-chain orderbook with on-chain settlements.
Drift Protocol
Drift Protocol is an open-sourced, decentralized exchange built on the Solana blockchain, enabling transparent and non-custodial cryptocurrency trading.
Zeta
Zeta is a decentralized derivatives exchange built on the Solana blockchain. It offers a fully on-chain orderbook and focuses on providing a fast, liquid, and ecosystem-oriented platform for trading futures and options.
dYdX
dYdX is a trading platform for crypto assets, built with open-source protocols, enabling decentralized margin trading. dYdX - Decentralized Platform for Advanced Financial Products, interview with Antonio Juliano